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/biz/ - Business & Finance

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9025969 No.9025969 [Reply] [Original]

Can someone please explain to to me why LINK ever would be worth $100+ EVEN if the project is successful? As far as I understand, LINK is only needed for node staking, but you can pay the nodes in any crypto you want? So where is the long term demand for LINK supposed to come from? What am I missing?

This is not FUD, I'm just trying to learn.

>> No.9025986

You can only pay the node operators in LINK afaik.

>> No.9026000

>>9025969
its a autism coin that is shilled by poor basement neets on here. I'm afraid you are as retarded as them for even thinking about it.

>> No.9026033

>>9025969
>Can someone please explain to to me
No

sage

>> No.9026044

>>9026000
Just because I want to understand the logic behind an investment doesn't mean I want to invest in it. I'd say you're retarded for only looking into coins you assume are good investments.

>> No.9026159

>>9026044
you have held my retard predication to truth now

>> No.9026226

>>9026159
Whatever dude. Being "retarded" has made me very rich. You do you.

>> No.9026307

>>9026226
Asking /biz/ for investment information, it's hard to believe you are anything more than a basement neet

>> No.9026493

>>9026307
Sounds like you're projecting.

I'm a student, living alone in a huge apartment and I'm doing great financially. I just asked a simple question because I don't have time to research every single shitcoin. You'll most likely never make it in investing with your mentality. Good luck though.

>> No.9026512

>>9026493
its just a meme

>> No.9026547

>>9026493
It’s usually common behaviour on /biz/ to act like an almighty genius, let him act like a ‘wannabe alpha’ on a autist anime forum.

>> No.9026564

>>9026512
its just a meme is the meme

>> No.9026586

>>9025969
Because we did the same with bitcoin

>> No.9026589

>>9025969
>why would companies go on Binance to buy this token?
Sergey has 650M locked up to give to companies in order to incentivise usage of the network. That doesn't mean they won't, however. I'll explain it later.
>if Sergey will just give out tokens, adoption doesn't mean moon right?
Besides the fact that crypto is incredibly speculative, which means that it simply being adopted may call for a pump, usage in the network is still priced in a fixed fiat amount, as you've seen in various threads regarding node payout and "capturing the API economy". This means that the if Sergey gives, for example, Tesla, Uber, and SWIFT 100M tokens each when the price of LINK is at $1, and assuming that each usage of the ChainLINK network is worth a cent each, this means that they are limited to 10 billion uses each if they decide not to buy anymore.
>but wait, if usage is priced in fiat, what is the token for? Why not pay in dollars? or in ETH?
Because the network only accepts LINK as payment. I won't even mention the technicals because it's largely irrelevant. ERC667, penalty payments, node collaterals, etc., doesn't matter. The network only accepts LINK, as Sergey said. Which means if the price of LINK is at a dollar a pop, and the usage of the network costs a cent each, you'll be paying .01 LINK each time you use the network. It doesn't matter how expensive (or cheap) LINK would be because 18 fucking decimals.

>> No.9026597

>>9026589
Thank you very much!

>> No.9026602
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9026602

>>9026589
>If it doesn't matter how expensive or cheap it is, how will this shitcoin moon then?
With that in mind, Tesla, Uber, and SWIFT are incentivized to not only pump the price so the amount of times they can use the network increases, but also prop the price up, establishing a new floor so that the value of their free tokens from Sergey wouldn't go to waste. I think it is an easy assumption that it's far cheaper to pump/prop up the price than the potential losses as the cost of LINK drops a cent or so. Pumping an illiquid token that has a low marketcap such as LINK would be inexpensive, I imagine. BTCP for example moved 10 spots up in CMC because someone supposedly fat-fingered on some shit exchange. To these big companies and institutions, even BTC has thin as fuck orderbooks. If they pump it from $1 to $100, they unironically just saved 10 billion dollars in expenses, minus the cost of pumping LINK. Keep in mind that it is in their collective benefit to pump it, not just a single company.
>What about companies who want to use the network but aren't given free tokens?
Well, they'd buy our expensive bags on Binance. Expensive in the sense that it's probably some retarded amount like $100 or some shit but it won't matter to those companies because, again, usage is priced in fiat, that single LINK worth $100 would give them 10k uses if it costs a cent each.

>> No.9026630

>>9025969
nodes are paid in LINK.

>> No.9026642

ive tried to dump this shit coin like 5 times but the transaction never fucking goes thru. ive been in crypto since 2013 lol.

>> No.9026646

>>9026589
It makes a lot more sense if you only can use LINK to pay. I've just heard a lot of people on here claim that you can pay with any crypto.

>> No.9026712

>>9026646
IIRC there are many reasons for the token, but I am not too familiar with the technicals which is why I didn't want to include it. Regardless, it is irrelevant anyway because the network decides to only use LINK. Regardless of the reason, its users, the big companies or what have you, wouldn't likely care because they only go for profits, or in this case, reducing costs. Be it USD, LINK, ETH, or any other crypto, it will still cost the same to them. Only fudders would care I guess because they need to imagine a scenario where LINK won't increase in value upon adoption.

>> No.9026811

Nodes are paid in LINK.

There's going to be massive pressure on the price past mainnet launch. First demand for LINK by node operators grows. Then demand by developers looking to integrate with nodes grows. Then as each of these groups are squatting more and more LINK, supply shrinks along a trend directly tied to adoption which will all push the price up. High and growing demand + average and rapidly shrinking supply = rapidly growing price.

Given they have 12000 developers ready and waiting to jump into developing against the Chainlink network, we'll hit $100 far quicker than most people here think. This is the internet for the dApp era.